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Rupee: RBI can spend $30...

MUMBAI: Amid pressure on the rupee,...

Rupee: RBI can spend $30 billion of forex reserves to defend rupee: Report

MUMBAI: Amid pressure on the rupee, a German brokerage on Thursday said the RBI can spend up to $30 billion from the over $594 billion forex kitty to defend the domestic currency. Even after spending the money, India will be left with reserves sufficient to take care of import bills for ten months, Deutsche Bank said in a note. The rupee is trading close to its all-time high against the US dollar at around Rs 83.30, and the Reserve Bank is actively intervening in the forex market to...

Karl Jörg - September 21, 2023

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Rupee: RBI can...

MUMBAI: Amid pressure on the rupee, a German brokerage on Thursday said the RBI can spend up to $30 billion from the over...

Karl Jörg - September 21, 2023

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